Can I get a loan?

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Post by Emma14 » Wed Oct 17, 2018 8:57 pm
Hi, I was just wondering what the likely hood was of my IP letting me get a loan I'm in the last few months of my Iva but my car has just blown up literally and I need it to get to work as I work 20 miles away from where I live? My payment are 115 a month so a payment break isn't going to help thanks


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Post by luluj » Thu Oct 18, 2018 4:29 am
Why do these things happen just as the light becomes brighter at the end of a tunnel ?
You can ask if your IP will approve however whilst the iva remains on your credit file getting a loan other than a high interest rate one may be difficult.
Have you any family or friends who could help you out rather than a loan at this stage ?
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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Post by Foggy » Thu Oct 18, 2018 6:37 am
Your IP might give permission, but, as Luluj says, any loan you might be offered might well be at eye watering rates and from a leg breaking lender ! I used to do high miles and survived on "Ebay Bangers" --- however, there is an element of luck with those !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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